MIRA INFORM REPORT
|
Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
Datacard Group |
|
|
|
|
Registered Office : |
11111 Bren Rd W, Minnetonka, MN 55343-9049 |
|
|
|
|
Country : |
United States |
|
|
|
|
Year of Establishment : |
1969 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
Wholesale Distribution of photographic equipment and supplies. |
|
|
|
|
No. of Employees
: |
5 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United States |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Datacard Group
11111 Bren Rd W
Minnetonka, MN 55343-9049
United States
Tel: 952-933-1223
Fax: 952-931-0418
Toll Free: 800-328-8623
Web www.datacard.com
Synthesis
Employees: 1,401
Company Type: Private Parent
Corporate Family: 24
Companies
Incorporation Date: 1969
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 400.0
Total Assets: NA
Business Description
Datacard Corporation
invented systems for high-volume plastic card personalization more than 30
years ago. The firm offers secure ID and card personalization products and
services that are used to issue millions of financial cards and identification
documents daily. Datacard Corporation clients are from corporate, governmental
and organizational sectors. The firm also offers a digital photo ID security
system. Datacard Corporation is privately held and reports annual revenues in
excess of $300 million. It employs more than 1,400 people in more 120-plus
countries, including development centers in the United States, Germany, France,
India, Japan, Malaysia and the United Kingdom.
Industry
Industry Consumer Financial Services
ANZSIC 2006: 6230 -
Non-Depository Financing
NACE 2002: 6522 - Other
credit granting
NAICS 2002: 52221 - Credit
Card Issuing
UK SIC 2003: 6522 - Other
credit granting
US SIC 1987: 6141 - Personal
Credit Institutions
Key Executives
(Emails Available)
|
Name |
Title |
|
Todd G Wilkinson |
President and Chief Executive Officer |
|
Kurt Ishaug |
Chief Financial Officer |
|
John Di Leo |
Senior Vice President of Global Sales and Service |
|
Mike Flynn |
Administrator |
|
Alla Johnson |
Systems & Services |
News
|
Title |
Date |
|
Datacard
Group Debuts Complete Card-to-Envelope Solution at CARTES &
IDentification 2011 in Paris, France |
14-Nov-2011 |
|
Datacard
Group Announces New Enhancements to its Datacard® MXDTM Lite Card Delivery
System |
8-Nov-2011 |
|
Datacard
Group to Showcase its Secure Issuance AnywhereT Portfolio of Products and
Solutions at CARTES & IDentification 2011 in Paris, France |
31-Oct-2011 |
|
Thousands
of Customers Successfully and Smoothly Upgrade to Oracle E-Business Suite
12.1 for New Functionality, Lower Operating Costs and Improved Shared
Operations |
31-Oct-2011 |
|
Smart Card
Alliance Healthcare Council Provides Smart Card Supple |
28-Oct-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
11111 Bren Rd W
Minnetonka, MN, 55343-9049
Hennepin County
United States
Tel: 952-933-1223
Fax: 952-931-0418
Toll Free Tel: 800-328-8623
Web www.datacard.com
Sales USD(mil): 400.0
Assets USD(mil): NA
Employees: 1,401
Industry: Consumer
Financial Services
Incorporation Date: 1969
Company Type: Private
Parent
Quoted Status: Not
Quoted
Systems & Services: Alla
Johnson
Contents
· Industry Codes
· Business Description
· Product Codes
· Brand/Trade Names
· Financial Data
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
6230 - Non-Depository Financing
NACE 2002 Codes:
6522 - Other credit granting
NAICS 2002 Codes:
52221 - Credit Card Issuing
US SIC 1987:
6141 - Personal Credit Institutions
UK SIC 2003:
6522 - Other credit granting
Business Description
Establishments primarily
engaged in the wholesale distribution of photographic equipment and supplies.
More Business Descriptions
Datacard
Corporation invented systems for high-volume plastic card personalization more
than 30 years ago. The firm offers secure ID and card personalization products
and services that are used to issue millions of financial cards and
identification documents daily. Datacard Corporation clients are from
corporate, governmental and organizational sectors. The firm also offers a
digital photo ID security system. Datacard Corporation is privately held and
reports annual revenues in excess of $300 million. It employs more than 1,400
people in more 120-plus countries, including development centers in the United
States, Germany, France, India, Japan, Malaysia and the United Kingdom.
Manufacturer of card, RFID card, and photo ID printers, magnetic stripe
and smart card readers, POS and credit card authorization terminals, embossing
machines, personalization systems and other areas of technology.
Developer of card issuance and photo ID software. Software runs under
Windows.
Product Codes
Product Code Product Description
COM-AI-ESC Magnetic stripe and
smart card readers
COM-CM-I RFID card printers
and encoders
COM-OU-PS Card and photo ID
printers
SOF-BA-M Card issuance
software
SOF-FM-S Photo ID software
|
||||||||||||||||||||||||||||||||||||||||||
Credit Report as of 02/01/2011
|
Location |
|
|
11111 Bren Rd W |
|
|
|
|
|
County: |
Hennepin |
|
MSA: |
Minn-St Paul, MN |
|
|
|
|
Phone: |
952-933-1223 |
|
Fax: |
952-931-0418 |
|
Toll Free: |
800-328-8623 |
|
URL: |
|
|
|
|
|
ABI©: |
004614053 |
|
|
|
|
Annual Sales: |
$400,000,000 (USD) |
|
Employees: |
1,401 |
|
|
|
|
Facility Size(ft2): |
2,500 - 9,999 |
|
|
|
|
Business Type: |
Private |
|
Location Type: |
Headquarter |
|
|
|
|
Recommended
Credit Limit * |
|
|
$100,000 (USD) |
|
|
|
|
|
Primary Line Of
Business: |
|
|
SIC: |
5043-02 - Identification Equipment & Supls (Whls) |
|
NAICS: |
423410 - Photographic Equip & Supplies Merchant Whol |
|
Secondary Lines
Of Business: |
|
|
NAICS: |
339112 - Surgical & Medical Instrument Mfg |
|
|
339999 - All Other Misc Mfg |
|
SICs: |
3841-04 - Physicians & Surgeons Equip & Supls-Mfrs |
|
|
3999-03 - Manufacturers |
|
|
8742-13 - Marketing Programs & Services |
|
|
9999-66 - Federal Government Contractors |
|
|
541613 - Marketing Consulting Svcs |
Health Insurance
Services Inc
1604 1st St S
Willmar, MN 56201-4243
Jackson-Hirsh Co
700 Anthony Trl
Northbrook, IL 60062-2553
Amerid
200 N 2nd St
Minneapolis, MN 55401-1423
Americard
Technologies
407 W Braeside Dr
Arlington Hts, IL 60004-2057
Regarding Cards
25089 386th Ave
Plankinton, SD 57368-5714
Identi Sys Inc
7630 Commerce Way
Eden Prairie, MN 55344-2002
Addem Inc
2402 12th St N Ste: 2
Fargo, ND 58102-1837
Claritus
1919 Driftwood Ave
Worthington, MN 56187-1405
Identix Inc
5705 W Old Shakopee Rd Ste: 100
Bloomington, MN 55437-3127
Datacard Group
W234s6650 Big Bend Rd
Waukesha, WI 53189-9652
* Similar Businesses are
defined as the closest businesses sharing the same six-digit primary SIC code (
5043-02 - Identification Equipment & Supls (Whls)) regardless of size.
Closest Neighbors
Beauty Craft
Supply & Equipment
11110 Bren Rd W
Hopkins, MN 55343-9690
Omni Craft Inc
5640 Feltl Rd
Minnetonka, MN 55343-7911
Christensen Group
IRI
11100 Bren Rd W Ste: A
Minnetonka, MN 55343-6004
Mc Carthy
Construction Inc
11100 Bren Rd W
Minnetonka, MN 55343-6001
Evers Heilig Inc
5640 Feltl Rd
Hopkins, MN 55343-7999
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Datacard Group |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Minnetonka, MN |
United States |
Consumer Financial Services |
400.0 |
1,401 |
|
|
|
Subsidiary |
Shinagawa-ku, Tokyo |
Japan |
Miscellaneous Fabricated Products |
|
186 |
|
|
|
Subsidiary |
Wanchai, Wanchai |
Hong Kong |
Miscellaneous Capital Goods |
|
100 |
|
|
|
Subsidiary |
Fareham |
United Kingdom |
Commercial Banks |
28.2 |
79 |
|
|
|
Subsidiary |
Fareham |
United Kingdom |
Business Services |
10.7 |
43 |
|
|
|
Subsidiary |
Axminster |
United Kingdom |
Miscellaneous Fabricated Products |
1.0 |
24 |
|
|
|
Subsidiary |
Semoy |
France |
Miscellaneous Capital Goods |
21.8 |
34 |
|
|
|
Subsidiary |
Pozuelo De Alarcon, Madrid |
Spain |
Miscellaneous Capital Goods |
11.7 |
21 |
|
|
|
Subsidiary |
Mulgrave, VIC |
Australia |
Consumer Financial Services |
1.7 |
20 |
|
|
|
Subsidiary |
Woodbridge, ON |
Canada |
Office Equipment |
9.4 |
18 |
|
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Appliance and Tool |
|
17 |
|
|
|
Subsidiary |
Düsseldorf |
Germany |
Miscellaneous Capital Goods |
|
16 |
|
|
|
Subsidiary |
Semoy |
France |
Miscellaneous Financial Services |
19.8 |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
1.0 |
|
|
|
|
Subsidiary |
Minnetonka, MN |
United States |
Consumer Financial Services |
|
|
|
|
|
Subsidiary |
Englewood, CO |
United States |
Consumer Financial Services |
|
|
|
Executive report
|
Executives |
|
|
|
|
|||
|
President and Chief Executive Officer |
Chief Executive Officer |
|
|||
|
Vice President, Manufacturing & Supply Chain Operations |
Operations Executive |
|
|||
|
Senior Vice President-Operations |
Operations Executive |
|
|||
|
Administrator |
Administration Executive |
|
|||
|
Chief Financial Officer |
Finance Executive |
|
|||
|
Accounts Payable |
Accounting Executive |
|
|||
|
Vice President-Tax |
Corporate Tax Executive |
|
|||
|
Controller |
Controller |
|
|||
|
Corporate Controller |
Controller |
|
|||
|
Vice President Human Resources |
Human Resources Executive |
|
|||
|
Customer Service Manager |
Customer Service Executive |
|
|||
|
Senior Vice President of Global Sales and Service |
Sales Executive |
|
|||
|
Senior Vice President, Global Sales, Service & Marketing |
Sales Executive |
|
|||
|
Vice President of Sales and Service - Asia Pacific & Japan Region |
Sales Executive |
|
|||
|
Regional Vice President-Sales & Service Delivery, US & Canada |
Sales Executive |
|
|||
|
Regional Director – South Pacific |
International Executive |
|
|||
|
Senior Vice President-Global Marketing |
International Executive |
|
|||
|
Marketing Communications |
Marketing Executive |
|
|||
|
Senior Vice President-Marketing & Corporate Development |
Marketing Executive |
|
|||
|
Marketing |
Marketing Executive |
|
|||
|
Manager-Central Assurance Markets |
Marketing Executive |
|
|||
|
Website Marketing |
Marketing Executive |
|
|||
|
Head of Corporate Communication |
Corporate Communications Executive |
|
|||
|
Information Technology |
Information Executive |
|
|||
|
Systems & Services |
Information Executive |
|
|||
|
Information Technology Manager |
Information Executive |
|
|||
|
Network Analyst |
Network Management Executive |
|
|||
|
Technical Support Manager |
Engineering/Technical Executive |
|
|||
|
Agency Engineer |
Engineering/Technical Executive |
|
|||
|
Corporate Attorney |
Legal Executive |
|
|||
|
Emeia Channel Director - Datacard |
Other |
|
|||
|
Manger |
Other |
|
|||
|
Consultant |
Other |
|
|||
|
Regional Manager |
Other |
|
Press Clippings
Datacard Group Debuts Complete Card-to-Envelope
Solution at CARTES & IDentification 2011 in Paris, France
Business Wire: 14 November 2011
[What follows is the full text of the news story.]
Inline solutions deliver highly impactful cards and
personalized card carriers on-demand
MINNETONKA,
Minn.--(BUSINESS WIRE)-- Datacard Group, the world leaderïin secure ID and card
personalization solutions,today announced that it will be showcasing the
complete inline Datacardï MX6000ï card issuance system ï featuring the
Datacardï Artistaï VHD retransfer color printing module and a dual-interface
smart card personalization module ï along with the enhanced MXDï card delivery
system and MXiï envelope insertion system at CARTES & IDentification 2011
in Paris, France, stand #3D055.
Visitors to the
booth will have the opportunity to see demonstrations of this complete card-to-envelope
solution, which delivers full-color cards and highly personalized carriers
on-demand, starting from white card stock and blank paper.
The MX6000 card
issuance system, which brings together the broadest range of card
personalization technologies in the industry, is a truly modular system that
can print up to 1,500 unique cards per hour. Combined with the Artista VHD
retransfer color printing module and dual-interface smart card personalization
module, this inline card issuance system simplifies the card issuance process
and measurably improves operational efficiency. Features include fast, secure
and productive personalization of contact, contactless and dual-interface smart
cards, as well as printing of true edge-to-edge, full-color customized card
designs and backgrounds with 600 dpi image quality.
Seamless
integration with the MXD card delivery system enables card issuers to also
customize marketing messages and information that turns blank paper into highly
personalized, full-color card carriers. Variable color printing of form sizes
up to 11ï x 17ï or A3, as well as customized marketing messages and
informationïsuch as card activation steps or expanded terms and conditionsïcan
be printed on-demand. The ability to go from bulk pre-printed paper to
customized forms greatly reduces the need for financial card issuers to manage
a large supply of pre-printed forms, ultimately increasing initial and
sustained cost savings associated with storing the pre-printed inventory.
Combine this with
the MXi envelope insertion system, and organizations will have a complete
inline solution with full-color personalized card and carriers for
ready-to-mail packages.
ïWe are very
excited to demonstrate this industry-leading, complete inline high-volume card
issuance solution at CARTES,ï said Russell St. John, senior vice president of
global marketing for Datacard Group. ïOur products offer something entirely new
for both the marketing and operational sides of the business by seamlessly
transforming ordinary cards and mailings into compelling, brand-building
customer experiences while reducing costs and complexities.ï
Come see our
innovative solutions for governments, financial institutions and other
security-conscious organizations on display at CARTES & IDentification
2011, stand #3D055.
About Datacard Group
Datacard Group is
building on a 40-year heritage of innovation and customer success. Our
portfolio of solutions, backed by expert service and support, enable card and
secure ID programs for financial, government and other markets worldwide. With
an unmatched commitment to customer satisfaction, Datacard remains the
industryïs leading brand of secure ID and card personalization solutions.
www.datacard.com
Datacard Group Announces New Enhancements to its Datacardï
MXDTM Lite Card Delivery System
Business Wire: 08 November 2011
[What follows is the full text of the news story.]
Reliable, Low-Cost
Solution Now Offers More Flexibility with Lower Panel Card-Affixing Capability
MINNETONKA,
Minn.--(BUSINESS WIRE)-- Datacard Group, the world leader in secure ID and card
personalization solutions, today announced new features to its Datacardï MXDï
Lite card delivery system that enables card affixing on the lower panel of
personalized card carriers in one simplified step. Financial institutions,
government organizations, healthcare associations, retailers and other issuers
can now affix up to two cards per form on either the lower and/or middle panels
of the card carriers ï enabling increased template and design flexibility.
ïOne-to-one
marketing messages printed on the MXD Lite card delivery system are extremely
effective for card issuers cross-selling products and services, instructing
card usage and membership information, advertising promotions, coupons, etc.,ï
said Russell St. John, senior vice president of global marketing for Datacard
Group. ïThis encourages immediate card activation and usage, and helps attract
and retain customers.ï
By seamlessly
integrating with the Datacardï MX2000ï or MX1000ï card issuance systems and
offering inline laser printing on forms, the MXD Lite system has two production
speeds for versatility.ïThis includes the basic MXD Lite system that runs at up
to 500 forms per hour, or an upgraded system with a throughput of up to 1,200 forms
per hour.
In addition, an
inline and automated card fulfillment process increases data security and keeps
operational costs low by eliminating manual card affixing and folding the
carriers for envelope insertion.
ïDatacard Group recognizes
the value of offering inline card issuance and delivery solutions so that card
issuers can reduce production costs and increase efficiency,ï said St. John.
ïAs part of our broad portfolio of Datacardï solutions, the MXD Lite system
enables card issuers to make measurable improvements in productivity and take
advantage of personalized marketing campaigns.ï
The MXD Lite
system is part of DatacardGroupïs Secure Issuance Anywhereï platform, which
provides customers the flexibility to issue cards and credentials anytime,
anywhere, with complete security. This integrated platform includes scalable
and flexible hardware, software, supplies and global support ïcombining central
issuance or instant issuance, as well as emerging mobile issuance into a single,
integrated solution.
For more
information, please visit www.datacard.com.
About Datacard Group
Datacard Group is
building on a 40-year heritage of innovation and customer success. Our
portfolio of solutions, backed by expert service and support, enable card and
secure ID programs for financial, government and other markets worldwide. With
an unmatched commitment to customer satisfaction, Datacard remains the
industryïs leading brand of secure ID and card personalization solutions.
www.datacard.com
Datacard Group to Showcase its Secure Issuance
Anywhereï Portfolio of Products and Solutions at CARTES & IDentification
2011 in Paris, France
Business Wire: 31 October 2011
[What follows is the full text of the news story.]
New integrated
platform gives organizations total flexibility for card and credential
management, with complete security
MINNETONKA,
Minn.--(BUSINESS WIRE)-- Datacard Group, the world leaderïin secure ID and card
personalization solutions,today announced that it will be showcasing Secure
Issuance Anywhereïïan integrated issuance platform for secure, personalized
card and credential managementïat CARTES & IDentification 2011 in Paris,
France, stand #3D055.
Secure Issuance
Anywhereï combines central issuance, instant issuance and emerging mobile
issuance capabilities into a single platform that gives organizations the
flexibility to issue secure cards and credentials anytime, anywhere. Datacard
Groupïs portfolio of scalable products and solutions offer the industry a truly
integrated platform that combines Datacardï hardware, software, supplies and
global support.
Organizations
worldwide use the companyïs secure ID and card personalization solutions to
issue millions of financial cards and identification documents each day. During
CARTES 2011, visitors will have the opportunity to see demonstrations of how
Datacard products and solutions help break down barriers to enable Secure
Issuance Anywhereï across wide geographies. This includes applications for
government, financial and other markets.
ïWith the
significant changes occurring in todayïs market ï including increased customer
demand for speed and convenience; more stringent security and risk
requirements; and the pressure to find new sources of revenue through
innovative products and services ï it is more important than ever for
organizations to implement solutions that help meet these demands,ï said
Russell St. John, senior vice president of global marketing for Datacard Group.
ïWe are breaking down barriers for flexible card issuance by allowing issuers
the freedom to manage their card and credential programs exactly the way they
want to, with complete security.ï
Come see our
innovative solutions for governments organizations, financial institutions and
other security-conscious organizations on display at CARTES &
IDentification 2011.
About Datacard Group
Datacard Group is
building on a 40-year heritage of innovation and customer success. Our
portfolio of solutions, backed by expert service and support, enable card and secure
ID programs for financial, government and other markets worldwide. With an
unmatched commitment to customer satisfaction, Datacard remains the industryïs
leading brand of secure ID and card personalization solutions. www.datacard.com
Datacard Corp Files Patent Application for Method
and Device for Interleaving a Module or Chip
Indian Patent News
16 November 2011
[What follows is the full text of the article.]
New Delhi, Nov. 16
-- USA based Datacard Corp filed patent application for method and device for
interleaving a module or chip. The inventors are Berthe Benoit, Beulet frederic
and Michenet Sebastien.
Datacard Corp
filed the patent application on June 25, 2010. The patent application number is
4619/DELNP/2010 A. The international classification number is G06K 19/077.
According to the
Controller General of Patents, Designs & Trade Marks, "The present
invention relates to a method for interleaving a module comprising the cutting
out of the module on a strip, the gripping of the cut-out module, the conveying
of the module right up to a station for affixing and adhesively bonding
modules, the module being heated by heating means via heat conduction of an
affixing system upon said conveying and then affixing of the preheated module
consisting of positioning the head of a first guiding member on the upper
portion of a second guiding member forming a mask showing the imprint of the
module or chip, preformed on the card, by displacement of the affixing system
and of positioning the lower portion of said second guiding member on the
surface of the card by displacement of the assembly formed by the affixing
system and the second guiding member. The invention also relates to a device
for interleaving a module with which the interleaving method may be applied."
About the Company
Datacard Group
collaborates with customers to create highly secure financial card programs and
government ID initiatives, as well as secure ID programs for education,
corporate security and many other markets. It brings unmatched experience and
expertise to every engagement, including industry best practices and a deep
understanding of complex operational issues. All of this enables Datacard to
deliver innovative solutions and services that help customers address critical
challenges. It made secure, high-volume issuance of credit cards possible more
than 40 years ago when we introduced the first high-speed card personalization
system.
Datacard Group Makes Enhancements to Card Delivery
System
Wireless News
15 November 2011
[What follows is the full text of the article.]
Datacard Group, a
provider of secure ID and card personalization solutions, announced new
features to its Datacard MXD Lite card delivery system that enables card affixing
on the lower panel of personalized card carriers in one simplified step.
"One-to-one
marketing messages printed on the MXD Lite card delivery system are extremely
effective for card issuers cross-selling products and services, instructing
card usage and membership information, advertising promotions, coupons,
etc.," said Russell St. John, senior vice president of global marketing
for Datacard Group, in a release. "This encourages immediate card
activation and usage, and helps attract and retain customers.
"Datacard
Group recognizes the value of offering inline card issuance and delivery
solutions so that card issuers can reduce production costs and increase
efficiency. As part of our broad portfolio of Datacard solutions, the MXD Lite system
enables card issuers to make measurable improvements in productivity and take
advantage of personalized marketing campaigns."
Financial
institutions, government organizations, healthcare associations, retailers and
other issuers can now affix up to two cards per form on either the lower and/or
middle panels of the card carriers - enabling increased template and design
flexibility.
By seamlessly
integrating with the Datacard MX2000 or MX1000 card issuance systems and
offering inline laser printing on forms, the MXD Lite system has two production
speeds for versatility. This includes the basic MXD Lite system that runs at up
to 500 forms per hour, or an upgraded system with a throughput of up to 1,200
forms per hour.
In addition, an
inline and automated card fulfillment process increases data security and keeps
operational costs low by eliminating manual card affixing and folding the
carriers for envelope insertion.
Datacard Group Releases New Features to Datacard
MXD Lite Card
Wireless News
14 November 2011
[What follows is the full text of the article.]
Datacard Group, a
company focused on secure ID and card personalization solutions, announced new
features to its Datacard MXD Lite card delivery system that enables card
affixing on the lower panel of personalized card carriers in one simplified
step.
The Company said
financial institutions, government organizations, healthcare associations,
retailers and other issuers can now affix up to two cards per form on either
the lower and/or middle panels of the card carriers - enabling increased
template and design flexibility.
"One-to-one
marketing messages printed on the MXD Lite card delivery system are extremely
effective for card issuers cross-selling products and services, instructing
card usage and membership information, advertising promotions, coupons,
etc.," said Russell St. John, senior vice president of global marketing
for Datacard Group. "This encourages immediate card activation and usage,
and helps attract and retain customers."
By seamlessly
integrating with the Datacard MX2000 or MX1000 card issuance systems and
offering inline laser printing on forms, the Company noted that the MXD Lite
system has two production speeds for versatility. This includes the basic MXD
Lite system that runs at up to 500 forms per hour, or an upgraded system with a
throughput of up to 1,200 forms per hour.
In addition, an
inline and automated card fulfillment process increases data security and keeps
operational costs low by eliminating manual card affixing and folding the
carriers for envelope insertion.
"Datacard
Group recognizes the value of offering inline card issuance and delivery
solutions so that card issuers can reduce production costs and increase
efficiency," said St. John. "As part of our broad portfolio of
Datacard solutions, the MXD Lite system enables card issuers to make measurable
improvements in productivity and take advantage of personalized marketing
campaigns."
According to a
release, the MXD Lite system is part of Datacard Group's Secure Issuance
Anywhere platform, which provides customers the flexibility to issue cards and
credentials anytime, anywhere, with complete security. This integrated platform
includes hardware, software, supplies and global support -combining central
issuance or instant issuance, as well as mobile issuance into a single,
integrated solution.
Datacard Group Strengthens its Datacard MXD Lite
Card Delivery System
Professional Services Close-Up
13 November 2011
[What follows is the full text of the article.]
Datacard Group, a
provider of secure ID and card personalization solutions, announced new
features to its Datacard MXD Lite card delivery system that enables card
affixing on the lower panel of personalized card carriers in one simplified
step.
Financial institutions,
government organizations, healthcare associations, retailers and other issuers
can now affix up to two cards per form on either the lower and/or middle panels
of the card carriers - enabling increased template and design flexibility, the
Company noted in a release.
"One-to-one
marketing messages printed on the MXD Lite card delivery system are extremely
effective for card issuers cross-selling products and services, instructing
card usage and membership information, advertising promotions, coupons,
etc.," said Russell St. John, senior vice president of global marketing
for Datacard Group. "This encourages immediate card activation and usage,
and helps attract and retain customers."
By seamlessly
integrating with the Datacard MX2000 or MX1000 card issuance systems and
offering inline laser printing on forms, the MXD Lite system has two production
speeds for versatility. This includes the basic MXD Lite system that runs at up
to 500 forms per hour, or an upgraded system with, the Company noted, a
throughput of up to 1,200 forms per hour.
In addition, an
inline and automated card fulfillment process increases data security and keeps
operational costs low by eliminating manual card affixing and folding the
carriers for envelope insertion.
"Datacard
Group recognizes the value of offering inline card issuance and delivery
solutions so that card issuers can reduce production costs and increase
efficiency," said St. John. "As part of our broad portfolio of
Datacard solutions, the MXD Lite system enables card issuers to make measurable
improvements in productivity and take advantage of personalized marketing
campaigns."
Datacard Group to Present at Cartes and
IDentification 2011 in Paris
Wireless News
03 November 2011
[What follows is the full text of the article.]
Datacard Group
announced that it will be showcasing Secure Issuance Anywhere, an integrated
issuance platform for secure, personalized card and credential management-at
Cartes & IDentification 2011 in Paris, France, stand #3D055.
According to a
release, Secure Issuance Anywhere combines central issuance, instant issuance
and emerging mobile issuance capabilities into a single platform that gives
organizations the flexibility to issue secure cards and credentials anytime,
anywhere. Datacard Group's portfolio of scalable products and solutions offer
the industry a truly integrated platform that combines Datacard hardware,
software, supplies and global support.
Organizations
worldwide use the company's secure ID and card personalization solutions to
issue millions of financial cards and identification documents each day. During
Cartes 2011, visitors will have the opportunity to see demonstrations of how
Datacard products and solutions help break down barriers to enable Secure
Issuance Anywhere across wide geographies. This includes applications for
government, financial and other markets.
"With the
significant changes occurring in today's market - including increased customer
demand for speed and convenience; more stringent security and risk requirements;
and the pressure to find new sources of revenue through innovative products and
services - it is more important than ever for organizations to implement
solutions that help meet these demands," said Russell St. John, senior
vice president of global marketing for Datacard Group. "We are breaking
down barriers for flexible card issuance by allowing issuers the freedom to
manage their card and credential programs exactly the way they want to, with
complete security."
Datacard Group to Showcase Secure Issuance Anywhere
Portfolio of Products and Solutions at Cartes & IDentification 2011
Professional Services Close-Up
03 November 2011
[What follows is the full text of the article.]
Datacard Group
announced that it will be showcasing Secure Issuance Anywhere-an integrated
issuance platform for secure, personalized card and credential management-at
Cartes & IDentification 2011 in Paris.
According to
Datacard Group, Secure Issuance Anywhere combines central issuance, instant
issuance and emerging mobile issuance capabilities into a single platform that
gives organizations the flexibility to issue secure cards and credentials
anytime, anywhere. The company's portfolio of scalable products and solutions
offer the industry an integrated platform that combines Datacard hardware,
software, supplies and global support.
"With the
significant changes occurring in today's market - including increased customer
demand for speed and convenience; more stringent security and risk
requirements," said Russell St. John, senior VP of global marketing for
Datacard Group. "The pressure to find new sources of revenue through
innovative products and services - it is more important than ever for
organizations to implement solutions that help meet these demands."
Organizations
worldwide use the company's secure ID and card personalization solutions to
issue millions of financial cards and identification documents each day. During
Cartes 2011, visitors will have the opportunity to see demonstrations of how
Datacard products and solutions help break down barriers to enable Secure
Issuance Anywhere across wide geographies. This includes applications for
government, financial and other markets.
Datacard Group to Present at ID World International
Congress
Wireless News
28 October 2011
[What follows is the full text of the article.]
Datacard Group, a
provider of secure ID and card personalization solutions, announced that
Christine Pape, senior government business development manager for Datacard
Group, will be speaking at the ID World International Congress in Milan, Italy
taking place Nov. 2-4, at the Milanofiori Congress Center.
"Quality,
security, durability and cost are the cornerstones of any successful government
ID program and each must be considered when designing the most appropriate ID
program," said Pape, in a release.
"The goal of
this presentation is to educate those involved with issuing high security
documents, such as travel ID cards, passports or citizen identification, and to
utilize best practices to minimize risk and increase security."
The session,
titled High Security Identification Documents: Using QSDC to Determine the
Right Mix will be held at 11:15 a.m. on Wednesday, Nov. 2.
In the presentation,
Pape will outline a new framework for considering and evaluating key trade-offs
in selecting and designing a secure government ID program. This framework
articulates a step-by-step process for determining the right mix of quality,
security, durability and cost to manage risks and implement a successful ID
program.
Pape currently
manages the Government Business Development Group in the Europe, Middle East
and Africa region for Datacard Group, where she is responsible for discussing
and advising Government institutions on identification and the issuance of
secure documents.
Datacard Group Supports Pink Ribbon Foundation with
Sale of Pink Datacard Card Printer
Manufacturing Close-Up
06 October 2011
[What follows is the full text of the article.]
Datacard Group, a
provider of secure ID and card personalization solutions, announced its support
of the Pink Ribbon Foundation to fight breast cancer by offering a new Limited
Edition Pink Datacard SD260 Card Printer.
"Millions of
people worldwide are affected by breast cancer, whether it is directly or
indirectly," said Todd Wilkinson, chief executive officer for Datacard
Group, in a release. "By developing and selling this limited edition
printer, Datacard Group, along with our customers, will have the opportunity to
help support those suffering from breast cancer, as well as their families.
"Datacard
Group is dedicated to helping give back to communities around the world. We are
honored to be working with the Pink Ribbon Foundation to help support the fight
against breast cancer, as they are committed to help fund projects globally,
continuously giving back to those in need."
Developed and
engineered by Datacard Group, the limited edition printer will be available
from October 2011 to March 2012, or until supply runs out. For each printer
sold, Datacard Group will donate a portion of the proceeds to the Pink Ribbon
Foundation - a foundation that helps fund projects and support to charities
around the globe for people who are suffering from, or who have been affected
by breast cancer.
The limited
edition pink printer will be on display at:
-Gitex Technology
Week, Hall 1 C1-1, Oct. 9-13, in Dubai, UAE
-Cartes and
IDentification, Nov. 15-17, in Paris, France
The printer can be
used for printing and personalizing several types of ID cards and badges. The
printer has been specifically engineered with a pink cover in support of breast
cancer awareness.
Datacard Group is
a provider of solutions, service and support, to enable card and secure ID
programs.
The Pink Ribbon
Foundation is a grant making trust that is impartial and is committed to
bringing together individuals, charities and organizations to fight breast
cancer.
Datacard Corp. Files Patent Application for Device for
Customizing Electronic Components
Indian Patent News
01 September 2011
[What follows is the full text of the article.]
New Delhi, Sept. 1
-- USA based Datacard Corp. filed patent application for device for customizing
electronic components. The inventors are Berthe Benot, Beulet Frdric and
Perdoux Dominique.
Datacard Corp.
filed the patent application on Nov. 25, 2010. The patent application number is
7624/CHENP/2010 A. The international classification is G06K17/00.
According to the
Controller General of Patents, Designs & Trade Marks, "The present
invention relates to a device for customizing electronic components
characterized in that it comprises: - a programming system with a rotating
plate intended to receive in imprints a plurality of electronic components in
order to program them with at least variable programming data; - a system for
conveying blank electronic components a system for conveying customized
electronic components a marking system with a rotating plate intended to
receive electronic components in order to engrave them with marking data; a set
of distinct manipulator arms intended to manipulate the electronic components
between the different systems of the customization device and a control unit
for controlling the different elements forming the customization device."
Datacard Rolls Out New Security Solutions to Help
Financial Card Issuers Pass Security Audits
Wireless News
31 August 2011
[What follows is the full text of the article.]
Datacard Group, a
provider of secure ID and card personalization solutions, announced software
and hardware security enhancements that help financial card issuers comply with
stringent security audits.
According to
Datacard Group, features of the new software include a security patch
management service, a full suite of Identity Access Management (IAM) features,
and options to increase physical security - all configured for the Datacard MX
Series card issuance systems.
To help financial
card issuers meet or exceed the demanding PCI Data Security Standard (PCI-DSS),
Datacard Group will now offer patch validation and management - a software
service in which Datacard tests all relevant security patches from Microsoft
before they are deployed to the field. All approved patches are made available
through Datacard Software Maintenance Agreements (SMAs). Once the new software
patches are added to the MX Series systems, the systems will support security
requirements with no interruption or slowing of the card production process.
Other Datacard security
solutions support role-based authentication before granting access to various
applications. Datacard Group provides assistance in securing endpoints to the
card issuer's network by logically disabling USB ports and CD/DVD ROM drives.
Physical security features such as a topping foil destruction kit, as well as
optional locking tray covers and module hoods help prevent unauthorized access
to card stock and card personalization supplies.
All Datacard MX
Series card issuance systems will now be shipped pre-configured with the
recommended security settings to facilitate set-up efficiency. Datacard Group
will also offer guidance for configuring these settings for existing systems
already in the field.
Standard
& Poor’s
|
United
States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks,
Rising Debt Burden; Outlook Negative |
|
Publication
date: 05-Aug-2011 20:13:14 EST |
·
We have lowered our long-term
sovereign credit rating on the United States of America to 'AA+' from 'AAA' and
affirmed the 'A-1+' short-term rating.
·
We have also removed both the short- and long-term ratings
from CreditWatch negative.
·
The downgrade reflects our opinion
that the fiscal consolidation plan that Congress and the Administration
recently agreed to falls short of what, in our view, would be necessary to
stabilize the government's medium-term debt dynamics.
·
More broadly, the downgrade
reflects our view that the effectiveness, stability, and predictability of
American policymaking and political institutions have weakened at a time of
ongoing fiscal and economic challenges to a degree more than we envisioned when
we assigned a negative outlook to the rating on April 18, 2011.
·
Since then, we have changed our
view of the difficulties in bridging the gulf between the political parties
over fiscal policy, which makes us pessimistic about the capacity of Congress
and the Administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt dynamics
any time soon.
·
The outlook on the long-term rating
is negative. We could lower the long-term rating to 'AA' within the next two
years if we see that less reduction in spending than agreed to, higher interest
rates, or new fiscal pressures during the period result in a higher general
government debt trajectory than we currently assume in our base case.
TORONTO (Standard &
Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it
lowered its long-term sovereign credit rating on the United States of America
to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the
long-term rating is negative. At the same time, Standard & Poor's affirmed
its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's
removed both ratings from CreditWatch, where they were placed on July 14, 2011,
with negative implications.
The transfer and
convertibility (T&C) assessment of the U.S.--our assessment of the
likelihood of official interference in the ability of U.S.-based public- and
private-sector issuers to secure foreign exchange for
debt service--remains
'AAA'.
We lowered our long-term
rating on the U.S. because we believe that the prolonged controversy over raising
the statutory debt ceiling and the related fiscal policy debate indicate that
further near-term progress containing the growth in public spending, especially
on entitlements, or on reaching an agreement on raising revenues is less likely
than we previously assumed and will remain a contentious and fitful process. We
also believe that the fiscal consolidation plan that Congress and the
Administration agreed to this week falls short of the amount that we believe is
necessary to stabilize the general government debt burden by the middle of the
decade.
Our lowering of the
rating was prompted by our view on the rising public debt burden and our
perception of greater policymaking uncertainty, consistent with our criteria
(see "Sovereign Government Rating Methodology and
Assumptions ," June 30, 2011,
especially Paragraphs 36-41). Nevertheless, we view the U.S. federal
government's other economic, external, and monetary credit attributes, which
form the basis for the sovereign rating, as broadly unchanged.
We have taken the ratings
off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment
of 2011 has removed any perceived immediate threat of payment default posed by
delays to raising the government's debt ceiling. In addition, we believe that
the act provides sufficient clarity to allow us to evaluate the likely course
of U.S. fiscal policy for the next few years.
The political
brinksmanship of recent months highlights what we see as America's governance
and policymaking becoming less stable, less effective, and less predictable
than what we previously believed. The statutory debt ceiling and the threat of
default have become political bargaining chips in the debate over fiscal
policy. Despite this year's wide-ranging debate, in our view, the differences
between political parties have proven to be extraordinarily difficult to
bridge, and, as we see it, the resulting agreement fell well short of the
comprehensive fiscal consolidation program that some proponents had envisaged
until quite recently. Republicans and Democrats have only been able to agree to
relatively modest savings on discretionary spending while delegating to the
Select Committee decisions on more comprehensive measures. It appears that for
now, new revenues have dropped down on the menu of policy options. In addition,
the plan envisions only minor policy changes on Medicare and little change in
other entitlements,
the containment of which
we and most other independent observers regard as key to long-term fiscal
sustainability.
Our opinion is that
elected officials remain wary of tackling the structural issues required to
effectively address the rising U.S. public debt burden in a manner consistent
with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and
Assumptions," June 30, 2011,
especially Paragraphs 36-41). In our view, the difficulty in framing a
consensus on fiscal policy weakens the government's ability to manage public
finances and diverts attention from the debate over how to achieve more
balanced and dynamic economic growth in an era of fiscal stringency and
private-sector deleveraging (ibid). A new political consensus might (or might
not) emerge after the 2012 elections, but we believe that by then, the
government debt burden will likely be higher, the needed medium-term fiscal
adjustment potentially greater, and the inflection point on the U.S.
population's demographics and other age-related spending drivers closer at hand
(see "Global Aging 2011: In The U.S., Going Gray Will Likely
Cost Even More Green, Now,"
June 21, 2011).
Standard & Poor's
takes no position on the mix of spending and revenue measures that Congress and
the Administration might conclude is appropriate for putting the U.S.'s finances
on a sustainable footing.
The act calls for as much
as $2.4 trillion of reductions in expenditure growth over the 10 years through
2021. These cuts will be implemented in two steps: the $917 billion agreed to
initially, followed by an additional $1.5 trillion that the newly formed
Congressional Joint Select Committee on Deficit Reduction is supposed to
recommend by November 2011. The act contains no measures to raise taxes or
otherwise enhance revenues, though the committee could recommend them.
The act further provides
that if Congress does not enact the committee's recommendations, cuts of $1.2
trillion will be implemented over the same time period. The reductions would
mainly affect outlays for civilian discretionary spending, defense, and Medicare.
We understand that this fall-back mechanism is designed to encourage Congress
to embrace a more balanced mix of expenditure savings, as the committee might
recommend.
We note that in a letter
to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated
total budgetary savings under the act to be at least $2.1 trillion over the
next 10 years relative to its baseline assumptions. In updating our own fiscal
projections, with certain modifications outlined below, we have relied on the
CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to
include the CBO assumptions contained in its Aug. 1 letter to Congress. In
general, the CBO's "Alternate Fiscal Scenario" assumes a continuation
of recent Congressional action overriding existing law.
We view the act's
measures as a step toward fiscal consolidation. However, this is within the
framework of a legislative mechanism that leaves open the details of what is
finally agreed to until the end of 2011, and Congress and the Administration could
modify any agreement in the future. Even assuming that at least $2.1 trillion
of the spending reductions the act envisages are implemented, we maintain our
view that the U.S. net general government debt burden (all levels of government
combined, excluding liquid financial assets) will likely continue to grow.
Under our revised base case fiscal scenario--which we consider to be consistent
with a 'AA+' long-term rating and a negative outlook--we now project that net
general government debt would rise from an estimated 74% of GDP by the end of
2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of sovereign
indebtedness is high in relation to those of peer credits and, as noted, would
continue to rise under the act's revised policy settings.
Compared with previous
projections, our revised base case scenario now assumes that the 2001 and 2003
tax cuts, due to expire by the end of 2012, remain in place. We have changed our
assumption on this because the majority of Republicans in Congress continue to
resist any measure that would raise revenues, a position we believe Congress
reinforced by passing the act. Key macroeconomic assumptions in the base case
scenario include trend real GDP growth of 3% and consumer price inflation near
2% annually over the decade.
Our revised upside
scenario--which, other things being equal, we view as consistent with the
outlook on the 'AA+' long-term rating being revised to stable--retains these
same macroeconomic assumptions. In addition, it incorporates $950 billion of
new revenues on the assumption that the 2001 and 2003 tax cuts for high earners
lapse from 2013 onwards, as the Administration is advocating. In this scenario,
we project that the net general government debt would rise from an estimated
74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.
Our revised downside
scenario--which, other things being equal, we view as being consistent with a possible
further downgrade to a 'AA' long-term rating--features less-favorable
macroeconomic assumptions, as outlined below and also assumes that the second
round of spending cuts (at least $1.2 trillion) that the act calls for does not
occur. This scenario also assumes somewhat higher nominal interest rates for
U.S. Treasuries. We still believe that the role of the U.S. dollar as the key
reserve currency confers a government funding advantage, one that could change
only slowly over time, and that Fed policy might lean toward continued loose
monetary policy at a time of fiscal tightening. Nonetheless, it is possible
that interest rates could rise if investors re-price relative risks. As a
result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in
10-year bond yields relative to the base and upside cases from 2013 onwards. In
this scenario, we project the net public debt burden would rise from 74% of GDP
in 2011 to 90% in 2015 and to 101% by 2021.
Our revised scenarios
also take into account the significant negative revisions to historical GDP
data that the Bureau of Economic Analysis announced on July 29. From our
perspective, the effect of these revisions underscores two related points when
evaluating the likely debt trajectory of the U.S. government. First, the
revisions show that the recent recession was deeper than previously assumed, so
the GDP this year is lower than previously thought in both nominal and real
terms. Consequently, the debt burden is slightly higher. Second, the revised
data highlight the sub-par path of the current economic recovery when compared
with rebounds following previous post-war recessions. We believe the sluggish
pace of the current economic recovery could be consistent with the experiences
of countries that have had financial crises in which the slow process of debt
deleveraging in the private sector leads to a persistent drag on demand. As a
result, our downside case scenario assumes relatively modest real trend GDP
growth of 2.5% and inflation of near 1.5% annually going forward.
When comparing the U.S.
to sovereigns with 'AAA' long-term ratings that we view as relevant
peers--Canada, France, Germany, and the U.K.--we also observe, based on our
base case scenarios for each, that the trajectory of the U.S.'s net public debt
is diverging from the others. Including the U.S., we estimate that these five
sovereigns will have net general government debt to GDP ratios this year
ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%.
By 2015, we project that their net public debt to GDP ratios will range between
30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at
79%. However, in contrast with the U.S., we project that the net public debt
burdens of these other sovereigns will begin to decline, either before or by
2015.
Standard & Poor's
transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment
reflects our view of the likelihood of the sovereign restricting other public
and private issuers' access to foreign exchange needed to meet debt service.
Although in our view the credit standing of the U.S. government has
deteriorated modestly, we see little indication that official interference of
this kind is entering onto the policy agenda of either Congress or the Administration.
Consequently, we continue to view this risk as being highly remote.
The outlook on the
long-term rating is negative. As our downside alternate fiscal scenario
illustrates, a higher public debt trajectory than we currently assume could
lead us to lower the long-term rating again. On the other hand, as our upside
scenario highlights, if the recommendations of the Congressional Joint Select
Committee on Deficit Reduction--independently or coupled with other
initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high
earners--lead to fiscal consolidation measures beyond the minimum mandated, and
we believe they are likely to slow the deterioration of the government's debt
dynamics, the long-term rating could stabilize at 'AA+'.
On Monday, we will
issue separate releases concerning affected ratings in the funds,
government-related entities, financial institutions, insurance, public finance,
and structured finance sectors.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.25 |
|
UK Pound |
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.69.83 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.